Bank of America Raises Micron Target to $1,500 Ahead of Results: Are Traders Buying It?

Bank of America raised its Micron stock price target to $1,500 from $950, spotlighting the memory maker that sits beside Nvidia at the heart of the AI build-out. Micron has run almost 300% in 2026 to record highs, so a beat is already expected. The edge now sits in positioning and money flow, not the headline numbers.

Micron Stock Price: Google Finance Bank of America Sees $1,500 as the Memory Cycle Widens Bank of America lifted its Micron (MU) target to $1,500 from $950 and kept a Buy, because it raised its 2030 chip-market forecast to $2.7 trillion from $2.3 trillion, led by memory and data center.

Want more insights like this? Sign up for Editor Harsh Notariya’s Daily Newsletter here. That makes Micron a direct play on AI memory.

It is one of three makers of high-bandwidth memory (HBM), the stacked chips that feed AI accelerators, with SK Hynix and Samsung. If Nvidia’s processors are one half of the AI trade, this memory is the other. The chips do the computing, but they stall without fast memory beside them to feed the data, so demand for one pulls the other along.

Micron $MU price target raised to $1,500 from $950 at BofABofA raised the firm's price target on Micron to $1,500 from $950 and keeps a Buy rating on the shares. The firm updated its semis industry models and price objectives to conform to the updated industry estimates,… pic.

twitter.com/B2b7yLBlDN— TipRanks (@TipRanks) June 23, 2026 A target says nothing about how traders are positioned into the print. The Options Desk Is Braced for a Big Swing Option prices point to a far bigger move than usual right after earnings.

They suggest a swing of about 17.6% in either direction, what traders call the implied move, against an average of about 8% over the past two years. Micron $MU has gained 314% YTD & just hit a record high above $1,200 today..

and now faces one of its biggest earnings setups in years. The options market is expecting a ±17.6% post-earnings move vs an average realized move of 8% over the la